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2023-06-14 05:59:46 ET Global oil demand is expected to slow "almost to a halt" within five years, the International Energy Agency said in a report Wednesday, as higher prices and supply concerns will likely speed up the shift to clean energy sources and electric vehicles. Demand w...
2023-06-13 19:15:01 ET Crude oil prices popped more than 3% Tuesday, recovering some of their steep losses in the previous session, after China's central bank lowered a key short-term lending rate in an effort to spark its lackluster post-COVID economic recovery. The People's Bank of Ch...
2023-06-12 18:50:40 ET Crude oil prices fell sharply on Monday on continued worries over Chinese demand, a potential U.S. recession and strong Russian crude flows. Even Saudi Arabia's recent pledge to cut more production in July has failed to keep prices elevated; the Brent price ...
2023-06-09 19:35:20 ET Crude oil prices failed to sustain their initial lift following Saudi Arabia's decision to cut production, but Goldman Sachs' Jeff Currie sees the move eventually prompting a draw in crude inventories, sending prices into the low $90s before the end of the year. ...
2023-06-09 13:15:14 ET Total active drilling rigs in the U.S. fell by 1 to 695, the lowest count since April last year, according to the latest survey from Baker Hughes, as reported Friday. The total rig count came in 5% below the 733 rigs reported at the same time last year; the co...
2023-06-08 12:45:53 ET U.S. crude fell as much as 4.7% Thursday to drop below $70/bbl, following media reports that the U.S. and Iran have made progress toward potentially reviving their Obama-era nuclear deal, which could ease sanctions on Iran's oil exports and lead to the return o...
2023-06-07 13:35:45 ET Energy ( NYSEARCA: XLE ) is the biggest gainer among S&P sectors Wednesday, +2.5% , boosted by higher crude oil prices after a report showed refineries are raising their crude processing to the highest since August 2019, perhaps in anticipation of stro...
2023-06-06 12:45:58 ET Saudi Arabia's latest 1M bbl/day oil production cut looks "unlikely to underpin a sustainable price increase" into the high $80s or low $90s, as weak fundamentals point to lower prices by year-end , Citi analysts said Tuesday. Citi sees average quarterly price...
2023-06-06 07:00:00 ET Summary Oil prices have recently recovered from a downturn due to optimism regarding potential action by OPEC+ and Saudi Arabia's decision to cut daily production by 1 million barrels starting in July. The oil market is sensitive to small imbalances between ...
2023-06-05 20:30:12 ET Crude oil closed higher Monday but surrendered nearly all of its healthy early gains, as Saudi Arabia's go-it-alone production cuts - allowing Russia and the rest of OPEC+ to keep pumping freely - only underscored the broader weakness in the oil market and the dee...
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2024-05-20 11:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-20 21:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-22 00:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...